Veritas Classical Christian School (EIN 550770184) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2000

Legal Domicile

Principal Officer

Jeffrey Burkett

Phone

8042729517

Tax Period

2024-07-01 to 2025-06-30

VERITAS CLASSICAL CHRISTIAN SCHOOL, founded in 2000, is a community nonprofit in the Education sector that reported $7.9M in total revenue in fiscal year 2017. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.5M, a strong 19% operating margin.

Mission

To provide Christ-centered, academically robust Classical education.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,419,523

Program Service Revenue $10,645,823

Investment Income $304,035

Other Revenue $193,422

TOTAL REVENUE $12,562,803

Expense Breakdown

Grants Paid $1,605,565

Salaries & Benefits $7,269,814

Fundraising Expenses $542,247

Program Expenses $9,947,106

Other Expenses $3,303,953

TOTAL EXPENSES $12,244,585

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,562,803	$16,066,136	-0.2%
Expenses	$12,244,585	$11,504,979	+0.1%
Net Income	$318,218	$4,561,157	-0.9%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

259

Volunteers

135

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✓ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$378,753

Total Directors

$378,753

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael McClure	Chairman	3.00	Officer Director	$0	$0	$0
Anne Creasy	Vice Chairman	1.00	Officer Director	$0	$0	$0
Sebastian Traeger	Secretary	1.00	Officer Director	$0	$0	$0
Jeff Burkett	Treasurer	1.00	Officer Director	$0	$0	$0
Raymond Goodlett	Board Member	1.00	Director	$0	$0	$0
Leslie Moeller	Board Member	1.00	Director	$0	$0	$0
Howard Schafferman	Board Member	1.00	Director	$0	$0	$0
Warren Smith	Board Member	1.00	Director	$0	$0	$0
W Keith Nix	Head of School	50.00	Officer Director	$310,003	$68,750	$378,753
Andrew Smith	Dean of Academics	40.00	Highest	$116,878	$6,302	$123,180
Robyn Burlew	Head of Upper School	40.00	Highest	$115,925	$5,300	$121,225
Douglas Kinard	Director of Business Operations	40.00	Highest	$157,570	$7,430	$165,000
Aimee Nyce	Director of Advancement	40.00	Highest	$105,170	$5,848	$111,018

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$12,562,803	$12,244,585	$30,270,347	$318,218
2024	$16,066,136	$11,504,979	$29,888,304	$4,561,157
2023	$14,618,151	$10,401,228	$25,565,875	$4,216,923
2022	$10,607,163	$9,387,089	$21,620,969	$1,220,074
2021	$9,876,575	$8,561,824	$20,443,275	$1,314,751
2020	$9,701,489	$7,992,024	$19,470,096	$1,709,465
2019	$8,343,216	$7,556,188	$21,425,158	$787,028
2018	$7,896,619	$6,378,363	$18,522,005	$1,518,256

Veritas Classical Christian School